The recent banking sector turmoil has soared investor anxieties and raised the odds of an impending recession. Against this backdrop, stocks with significant upside potential, such as Gilead Sciences, Inc. (GILD), Teva Pharmaceutical Industries Limited (TEVA), and MacroGenics, Inc. (MGNX), might be solid buys for the reasons mentioned throughout the article.
The banking crisis triggered by the downfall of Signature Bank and Silicon Valley Bank has raised the odds of the U.S. economy tipping into a recession. Moreover, the failure has also fueled a “credit crunch” that could result in tightened lending standards.
